Daiwa

Department-store groups · 8247

The Japan read

From the company's own filing for Q1 (Mar–May 2026) · reported 2026-07-13 · the filing

StoresCounting concession sales in full, the Korinbo store in Kanazawa grew 1.7% to ¥5.77bn and the Toyama store slipped 0.9% to ¥3.98bn, for ¥9.75bn in all (+0.6%); accessories (+5.2%) and sundries (+5.1%) rose while clothing fell 3.2%.
StoresKorinbo ran Hokuriku's first Swatch Store, a ground-floor pop-up (19 March–31 May), and added Kobe Croquette to its food floor; both stores held luxury-brand pop-ups for their account customers.

Other callouts in the filing

One-offOn 1 October 2026 it completed the sale of its hotel subsidiary, Kanazawa New Grand Hotel, which lost ¥1.63bn on ¥1.24bn of sales last year; it expects a special loss of about ¥1bn this year and will disclose the final figure.
OutlookIts April guidance — revenue of ¥16.0bn (+0.1%), operating profit of ¥0.25bn (+31.1%) and net income of ¥0.10bn — has not yet been updated for the hotel sale; the year-end dividend is undecided.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

Q1 (Mar–May 2026) · Year-to-Date

Reported 2026-07-13

Net sales¥4.1bn−0.9%

Operating profit¥0.2bn+10.2%

Net income¥0.2bn−6.9%

Daiwa runs two department stores in the Hokuriku region: Korinbo Daiwa in Kanazawa and Daiwa Toyama. In March–May 2026 revenue slipped 0.9% to ¥4.1bn, while operating profit rose 10.2% to ¥0.20bn; net income fell 6.9% to ¥0.18bn.